Aboki Naira to Dollar Black Market Rate Today, 10th June 2025
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a focal point for many Nigerians, reflecting the ongoing demand for foreign currency amid economic fluctuations.
According to reports from street traders and online platforms tracking parallel market activities, the Dollar to Naira black market rate today, June 10, 2025, stands at approximately ₦1,615 for buying and ₦1,625 for selling in major cities like Lagos, Abuja, Port Harcourt, and Kano.
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This rate represents a slight uptick from yesterday’s average, with the Naira experiencing minor volatility in the parallel market. For comparison, the Central Bank of Nigeria (CBN) official exchange rate is reported to be between ₦1,545 and ₦1,560, highlighting the persistent premium in the black market due to limited dollar supply in official channels.
The black market, often referred to as the “Aboki” market, continues to thrive due to the high demand for dollars for importation, travel, and international payments. Despite efforts by the CBN to stabilize the Naira through regulated forex channels, the parallel market remains a go-to for many Nigerians due to its accessibility, though it comes with risks such as potential scams and legal concerns.
Experts advise caution when engaging in black market transactions, recommending that individuals verify rates from multiple sources and deal only with reputable Bureau De Change (BDC) operators to avoid counterfeit currency or fraud. The CBN continues to monitor the foreign exchange market, urging citizens to use official channels to mitigate the risks associated with the unregulated parallel market.
As Nigeria navigates its economic challenges, the Dollar to Naira black market rate remains a critical indicator of market sentiment and currency demand. Stay tuned for daily updates as rates may fluctuate based on local and global economic factors.
Note: Black market exchange rates are subject to frequent changes and may vary by location. Always exercise caution and consult trusted sources before engaging in currency exchange.
